McRae Industries, Inc. (OTCMKTS:MCRAA) Raises Dividend to $0.70 Per Share

McRae Industries, Inc. (OTCMKTS:MCRAA) declared a quarterly dividend on Thursday, December 5th,NASDAQ Dividends reports. Investors of record on Wednesday, December 18th will be given a dividend of 0.70 per share on Thursday, January 2nd. This represents a $2.80 annualized dividend and a dividend yield of 5.49%. The ex-dividend date of this dividend is Wednesday, December 18th. This is a boost from McRae Industries’s previous quarterly dividend of $0.14.

McRae Industries Stock Performance

Shares of MCRAA stock traded up $0.28 on Friday, hitting $51.00. The stock had a trading volume of 900 shares, compared to its average volume of 382. McRae Industries has a 52-week low of $36.00 and a 52-week high of $51.00. The stock’s 50 day moving average is $49.25 and its 200-day moving average is $48.27. The firm has a market capitalization of $96.65 million, a price-to-earnings ratio of 9.01 and a beta of 0.33.

McRae Industries Company Profile

McRae Industries, Inc manufactures and sells military combat boots for the United States Army. The company manufactures, sells, and distributes western, lifestyle, and work boots. It offers its products for men, women, and children under the Dan Post, Laredo Western Boots, Dingo, McRae Industrial, and McRae Footwear brand names.